News
FBI selects Leidos to modernize world's largest biometric and criminal history repository
RESTON, Va., July 29, 2025 /PRNewswire/ -- Leidos (NYSE: LDOS) was awarded a $128 million task order by the FBI to provide agile software development and modernization for the Next Generation Identification (NGI) system, the bureau's biometric and criminal history repository. NGI's repository of biometric and criminal history information enables more advanced investigative capabilities for the FBI and other law enforcement and intelligence agencies. The FBI's Criminal Justice Information...
Leidos Announces Agreement to Sell Varec
RESTON, Va., Oct. 30, 2025 /PRNewswire/ -- Leidos (NYSE: LDOS) has entered into a definitive agreement to sell its wholly owned subsidiary, Varec. The transaction is in support of portfolio optimization efforts under its NorthStar 2030 strategy unveiled earlier this year. "This transaction enables both Leidos and Varec to advance their missions and maximize long-term value," said Vicki Schmanske, president of the Commercial & International Sector at Leidos. "By refining our portfolio, we're...
Leidos Holdings, Inc. Declares Regular Quarterly Cash Dividend
RESTON, Va., Feb. 7, 2025 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE:LDOS) announced today that its board of directors has declared a quarterly cash dividend of $0.40 per outstanding share of the company's common stock. The cash dividend is payable on March 28, 2025, to stockholders of record as of the close of business on March 14, 2025. About Leidos Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission...
Leidos Named to World's Most Ethical Companies List for Eighth Consecutive Year
RESTON, Va., March 11, 2025 /PRNewswire/ -- For the eighth consecutive year, Leidos (NYSE:LDOS) has been named one of the World's Most Ethical Companies(R) by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Leidos is one of only two honorees in the Information Technology category this year. "We are gratified that Ethisphere has again recognized Leidos for our commitment to ethics, integrity, and responsible business practices," said Tom Bell,...
Leidos Posts Strong Fourth Quarter and Fiscal Year 2024 Results
Revenues: $4.4 billion for fourth quarter (up 10% year-over-year); $16.7 billion for the year (up 8% year-over-year) Diluted Earnings per Share: $2.12 for fourth quarter (up 28% year-over-year); $9.22 for the year (up 540% year-over-year) Non-GAAP Diluted Earnings per Share: $2.37 for fourth quarter (up 19% year-over-year); $10.21 for the year (up 40% year-over-year) Cash Flows from Operations: $299 million for fourth quarter; $1.4 billion for the year Backlog: $43.6 billion, up 18%...
Leidos Posts Strong Second Quarter Results and Raises Full-Year Guidance
Revenues of $4.3 billion, up 3% organically year-over-year Net income of $393 million or $3.01 per diluted share Record Adjusted EBITDA (non-GAAP) of $647 million and Adjusted EBITDA margin of 15.2% Record Non-GAAP Diluted Earnings per Share of $3.21, up 22% year-over-year Cash Flows from Operations of $486 million; Free Cash Flow (non-GAAP) of $457 million RESTON, Va., Aug. 5, 2025 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS) today reported financial results for the second quarter of...
Leidos Schedules Fourth Quarter and Full Year 2024 Earnings Conference Call for February 11, 2025, at 8 a.m. (ET)
RESTON, Va., Jan. 14, 2025 /PRNewswire/ -- Leidos (NYSE: LDOS) today announced it has scheduled a conference call for Tuesday, Feb. 11, 2025, at 8 a.m. (ET) to announce its fourth quarter and full year 2024 financial results for the period ending Jan. 3, 2025. The company plans to issue its quarterly earnings press release before the conference call on Feb. 11, 2025. The details for the earnings conference call follow: Date: Feb. 11, 2025 Time: 8 a.m. (ET) The company offers a live and replay...
Leidos Welcomes Nearly 900 Summer Interns from 290 Colleges and Universities
RESTON, Va., June 12, 2025 /PRNewswire/ -- Every day, Leidos (NYSE: LDOS) employees tackle customers' most vexing challenges in defense, homeland security, information technology, intelligence, health, energy, and more. This summer in the U.S., nearly 900 summer interns from 290 colleges and universities are gaining valuable experience working across all aspects of the technology company's operations. Leidos has more than tripled its summer intern class size since 2016, reflecting a focus on...
Leidos and CargoSeer collaborate to optimize customs checkpoint inspections
RESTON, Va., Dec. 8, 2025 /PRNewswire/ -- Leidos (NYSE:LDOS) and CargoSeer, an artificial intelligence (AI) software company, have joined forces to enhance non-intrusive inspection (NII) and security solutions that help customs and border protection agencies better assess and manage transported goods crossing international borders. This collaboration is another example of Leidos' commitment to advancing border security solutions. Under the agreement, CargoSeer's advanced trade-analysis...
Leidos and Moveworks Bring Agentic AI Capabilities to Government Agencies
RESTON, Va., April 9, 2025 /PRNewswire/ -- Leidos (NYSE:LDOS), a leading information technology partner for governments worldwide, and Moveworks, the leading agentic artificial intelligence (AI) assistant for enterprises, are collaborating to increase the efficiency of government workers in the U.S., U.K., and Australia. Agentic AI helps people do their work better and faster as a digital personal assistant that knows how to make decisions and automate daily work processes. As commercial...
Leidos and Quadridox partner to make baggage screening more accurate and efficient
RESTON, Va., Nov. 25, 2025 /PRNewswire/ -- By integrating their computed tomography (CT) and X-ray diffraction imaging (XRDI) systems into a new offering, Leidos (NYSE: LDOS) and Quadridox, a leader in XRDI imaging and detection, are developing an advanced checked baggage screening technology aimed at increasing security while keeping luggage moving quickly during the screening process. The new agreement combines Leidos' Examiner 3DX CT with Quadridox's DELPHI XRDI technology. By leveraging...
Leidos and SeeTrue Collaborate to Advance AI-Powered Threat Detection Technology Across Market Sectors
RESTON, Va., Feb. 25, 2025 /PRNewswire/ -- Leidos (NYSE:LDOS) and SeeTrue, an artificial intelligence (AI) software company, are partnering to improve the efficiency of airport security and customs screenings through AI-enabled algorithms for detecting prohibited items. "SeeTrue is an industry leader in threat detection algorithms, and we are excited to join forces with them," said Michael Van Gelder, Senior Vice President, Security Enterprise Solutions (SES) at Leidos. "Through this smart...
Leidos completes successful test launch of a Small Cruise Missile
RESTON, Va., March 31, 2025 /PRNewswire/ -- Leidos in November successfully completed a guided flight test of their Small Cruise Missile (SCM), known as Black Arrow, from an AC-130J aircraft. The test demonstrated aircraft compatibility, system performance, waypoint uplinks, guidance accuracy as well as integration with the Naval Surface Warfare Center Battle Management System (BMS). The Black Arrow is a low cost, 200-lb class mission adaptable delivery platform designed to facilitate spiral...
Leidos explosive trace detection system achieves latest EU security standard
RESTON, Va., Dec. 2, 2025 /PRNewswire/ -- The Leidos (NYSE: LDOS) B220-HT explosive trace detection (ETD) system has achieved G1 Standard certification ahead of the European Civil Aviation Conference's (ECAC) latest regulatory mandate for all ETD systems deployed across the European Union (EU). Beginning in late 2026, all ETD systems used at EU airport passenger screening checkpoints must comply with the stricter detection requirements outlined in the G1 Standard. With more than 750 B220-HT...
Leidos to continue as program administrator for Hawai'i Energy
RESTON, Va., Dec. 4, 2025 /PRNewswire/ -- Leidos (NYSE: LDOS) is continuing to partner with Hawai'i's Public Utilities Commission to help residents and businesses lower energy costs, cut carbon emissions, and improve the state's energy resiliency toward a sustainable future. Under a new three-year, $127 million contract, Leidos will continue to administer the Hawai'i Energy program and the state's Electric Vehicle (EV) Charging Station Rebate program, while also overseeing market solutions,...
Leidos unveils newest unmanned undersea vessel
RESTON, Va., April 7, 2025 /PRNewswire/ -- Leidos announced a new capability from its sea systems team called Sea Dart, a high-performance, low-cost, flexible and adaptable uncrewed undersea vessel (UUV) designed to support the U.S. Navy and commercial customers across a broad range of missions. "For more than two decades, Leidos has been at the forefront of supporting the U.S. Navy with cutting-edge autonomous subsurface and surface vessels," said Dave Lewis, senior vice president of Sea...
Leidos using quantum technology to thwart GPS jamming
RESTON, Va., June 5, 2025 /PRNewswire/ -- Susceptibility to jamming is a significant military vulnerability of the Global Positioning System (GPS) signal. Through a Defense Innovation Unit contract, Leidos (NYSE: LDOS) is developing an alternative navigation technology that measures variations in the Earth's magnetic field and harnesses the quantum properties of nitrogen in diamonds. "With magnetic navigation (MagNav) there's no signal to jam," said Aaron Canciani, manager of the Leidos...
Leidos, Inc. Announces Pricing Terms of Cash Tender Offer for Any and All 3.625% Senior Notes Due 2025
RESTON, Va., Feb. 20, 2025 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE:LDOS) ("Holdings"), today announced the pricing terms of the previously announced offer by its wholly-owned subsidiary, Leidos, Inc. ("Leidos") to purchase for cash (the "Tender Offer") any and all of its outstanding 3.625% Senior Notes due 2025 (the "2025 Notes"). The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase, dated as of February 13, 2025 (the "Offer...
Leidos, Inc. Announces the Expiration and Results of Cash Tender Offer for Any and All 3.625% Senior Notes Due 2025
RESTON, Va., Feb. 21, 2025 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE:LDOS) ("Holdings") today announced that the previously announced offer by its wholly-owned subsidiary, Leidos, Inc. ("Leidos") to purchase for cash (the "Tender Offer") any and all of its outstanding 3.625% Senior Notes due 2025 (the "2025 Notes") expired at 5:00 p.m., New York City time, on February 20, 2025 (the "Expiration Time"). As of the Expiration Time, $267,393,000 or 53.48% of the $500 million aggregate principal...
Leidos, Inc. Commences Tender Offer for Any and All 3.625% Senior Notes Due 2025
RESTON, Va., Feb. 13, 2025 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE:LDOS) ("Holdings"), today announced its wholly-owned subsidiary, Leidos, Inc. ("Leidos"), has commenced an offer to purchase for cash (the "Tender Offer") any and all of its outstanding 3.625% Senior Notes due 2025 (the "2025 Notes"). The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase, dated as of February 13, 2025 (the "Offer to Purchase") and the related...